A sponsor can be a money guy as Dustin pointed out and was also referred to as the Project Owner usually in partnership with the Developer.

The SEC does not regulate self directed IRA's, and under the conditions we're discussing here, the SEC does not regulate business partnerships.

Even passive investing might have active qualities unless, your in a partnership or REIT or TIC or something were your just cashing checks and reviewing performance data.

Ive own a toll bridge that Im offering partnerships in for a limited time.

I conceive an idea of partnership.

I'm a residential kitchen designer & installer curious about partnerships with people flipping homes.I've done installations for clients still living in the home during construction, and I've done them before they move in.

Most have no ulterior motives There are great relationships and partnerships formed on here.

I would if I needed to for some reason, like if I was in a partnership and we knew going in it was a flip...

In other words, formalize this partnership with an operating agreement.

Who knows, in time your relationship with your mentor might earn you a partnership on your first deal, which would be a priceless result that going it alone with books and seminars could rarely beat.